CAUTIOUS OPTIMISM SPURS OPEC-PLUS AGREEMENT OVER ‘GRADUAL’ 2021 SUPPLY INCREASE
By Brai Odion-Esene, SW4 Insights for Mace News WASHINGTON (MaceNews) – Next year will be an uncertain year for the oil market, but promises of a global economic rebound – fueled by the COVID-19 vaccine – persuaded the OPEC-plus group of major oil producing countries Thursday to ease oil production limits starting in January. There […]
FED’S BEIGE BK: FOUR DISTRICTS W/LITTLE OR NO GROWTH
WASHINGTON (MaceNews) – The Federal Reserve’s Beige Book survey of economic conditions from coast to coast, prepared for the final Federal Open Market Committee of the year in the middle of the month, not surprisingly Wednesday found a “modest” recovery marbled with seams of stagnancy as a resurgence of Covid-19 suppresses a lot of commerce. […]
STATUS CHECK COMMENTARY – THE MOON, MARS AND ON EARTH, THE A.G.
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. First, it’s worth noting China’s little lander is running around on the Moon’s surface, scooping up stuff to ship back to Earth, an incredibly complicated mission. And that Elon Musk says his Space […]
POWELL AGAIN CALLS FOR MORE FISCAL STIMULUS
–Fed to Keep Fully Using Monetary Tools By Steven K. Beckner (MaceNews) – Federal Reserve Chairman Jerome Powell continued Tuesday to lend his support to additional fiscal stimulus, although he did not say how much is needed as Republican and Democratic legislators remained far apart on the appropriate size of further federal spending to boost […]
TUESDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is Tuesday’s public White House schedule: DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, DECEMBER 1, 2020 EST 10:00AM In-House Pool Call Time THE PRESIDENT has no public events scheduled. ###
JAPAN MOF SURVEY: Q3 CAPEX REMAINS WEAK; REVISION TO GDP CAPEX DATA SEEN LIMITED
By Max Sato (MaceNews) – Business investment in equipment by many Japanese companies remained depressed in the July-September quarter, compared to year-earlier levels, but the pace of decline decelerated from the previous three-month period, a quarterly survey by the Ministry of Finance released Tuesday showed. This may prompt the Cabinet Office to make only a […]
BOE RATE SETTER: COVID VACCINE DOES NOT REDUCE NEED FOR ASSET PURCHASES
— External MPC member Tenreyro makes strong case for negative interest rates in the UK By Laurie Laird LONDON (MaceNews) – The rapid development of a Covid vaccine could actually strengthen the case for expanded quantitative easing in the UK, with the benefits of a jab likely to lift the economy only gradually, a Bank of England […]
EURO AREA BUSINESS SENTIMENT POSTS FIRST DROP SINCE APRIL
By Marco Babic ZURICH (MaceNews) – Economic sentiment in the euro area fell in November for the first time since April when the effects of the first COVID-19 wave pushed sentiment sharply lower. The Economic Sentiment Index (ESI) for the countries sharing the euro fell “markedly” in November to 87.6 from 91.1 the previous month, […]
FRIDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is Friday’s public White House schedule: DAILY GUIDANCE AND PRESS SCHEDULE FORFRIDAY, NOVEMBER 27, 2020 EST 9:00AM In-House Pool Call Time 3:00PM THE PRESIDENT arrives at Camp David Camp David Closed Press ### — Content may appear first or exclusively on the Mace News premium service. For real-time email delivery contact tony@macenews.com. […]
JAPAN NOV TOKYO CORE CPI POSTS LARGEST Y/Y DROP IN OVER 8 YEARS AMID SLIDING ENERGY COSTS
By Max Sato (MaceNews) – Consumer prices in Tokyo, a leading indicator of the national average, posted a larger-than-expected drop in November, amid falling energy prices and a controversial government program to support the pandemic-hit tourism industry with hotel and transport discounts, data from the Ministry of Internal Affairs and Communications released Friday showed. The […]